Banks, mainly DFIs, lend €900m to Cameroon hydro plant

Cameroon’s Nachtigal Hydro Power Co has raised euro loans, estimated at above €900m, to fund construction of a €1.2bn 420MW hydroelectric plant on the Sanaga river near Yaounde. Most of the debt is coming from development finance institutions, but a few commercial banks are involved.

By Mariam Meskin

29 Nov 2018

“It was not your average transaction… It was a big job bringing the transaction to financial close, but it ended up being very successful,” said a banker familiar with the deal.

The project sponsors are Electricité de France, with a 40% stake in NHPC; InfraVentures, the World Bank's
...